Treasury Secretary Tim Geithner Opposes Naming Elizabeth Warren To Head New Consumer Agency
UPDATE: First Geithner's assistant, and then Geithner himself deny this story. (Sort of.) He stops short of endorsing Warren but says she's well-qualified.
I'm sure y'all are as shocked as I am that Tiny Tim doesn't want Elizabeth Warren actually in charge of protecting consumers - since she might, you know, actually do her job!
I actually think putting Warren in a more prominent role would be a very smart political move. You want someone this smart, this credible and this tenacious on behalf of consumers as a prominent face of the administration. You never know, some of her credibility might even rub off:
Treasury Secretary Timothy Geithner has expressed opposition to the possible nomination of Elizabeth Warren to head the Consumer Financial Protection Bureau, according to a source with knowledge of Geithner's views.
The financial reform bill passed by the Senate on Thursday mandates the creation of a new federal entity charged with protecting consumers from predatory lenders.
But if Geithner has his way, the most prominent advocate for creating the agency may not be picked to lead it.
Warren, a professor at Harvard Law School whose 2007 journal article advocating the creation of such an agency inspired policymakers to enact it into law, has rocketed to prominence since the onset of the financial crisis as one of the leading reform advocates fighting on behalf of American taxpayers.
The unity within this Administration is so heart warming.
If only the left blogosphere would "get in line", all would be right with the Democrats.
"Anyone that makes less than $150K in this country, has no business voting Republican."
Another chance for President Obama to do the right thing. I am betting based on past performance that he blows it. I would love to be wrong.
If ever there was a time for the Obama administration to throw us a bone, this is it. Warren's appointment to that post is essential for this "reform" legislation having any usefulness at all.
This is the make or break move by Obama for revealing his true nature. What's it going to be?
a hearty "to hell w/you" to my "dem" rep
as to what is obama gonna do ?? i'll leave it up to him to appoint the wrong person to the job, UU. left big shoes to fill and he needs to show the world he's just as
badbought and sold as the previous personof course i hope i'm wrong
He will blow it because he does not have political courage. He will try and find someone that makes EVERYONE sitting around the table feel comfortable with his choice. He is, by nature, a person that wants approval and fears offending. In trying to please everyone, he disappoints his supporters and plays into the hands of his detracters.
gives me the creeps. He seems incapable of speaking anything but prevarications, and the shape of his head makes me think there should be a bolt in his neck!
Elizabeth Warren seems to be an intelligent, common sense person who possesses at least a modicum of honesty and compassion. Who cares if Timmy doesn't like her? Who actually gets to decide who heads this new agency....the Pres? Congress?
"Egotism is the anesthetic that dulls the pain of Stupidity" - Frank Leahy
...Joe Lieberman and Ben Nelson.
That's who Obama seems to listen to.
Yeah, squeaky wheels get the grease. Those two do nothing but squeak, and greasing them makes them louder.
If this wall street devil gets his way and Elizabeth is shut out: its pitchfork time. Elizabeth Warren speaks for the people. Lets see what Obama does here.
little men....Stop this now..Contact the WhiteHouse.org --Warren is perfect for this position and would be a credit to the Nation and the Obama administration... Push this in the local /national press!
Geithner needs to go home and rahm needs to go to Chicago! Let the President know---go around the plebes...Get to Biden... Gibbs,, Axelrod Forget Hclinton she is on Geithners side!
I hated having him for a representative. He's not welcome back.
She should actually have Timmeh's job.And she would be awesome, doing it so much better than he.
the scum sucker.
She has my vote.
I like her.
She does a very good job, and has a whole lot of courage, and also Knowledge. I like the way she thinks. I would vote for her.
warren is an excellent choice. she is truly looking after the welfare of us regular pople. geithner on the other hand is looking out for his wall street buddies. i am at a lost as to why obama has in his administration people who are responsible for the wall street crash in 2008. geithner, bernaneke, buffet, etc. their hands are all dirty. after creating the fiasco, they are not going to want to clean up their own stench, are they?
obama sends mixed signals: i want reform, but then i don't. he can't want 100% rform with peopl like geithner on his team, can he?
This makes me wonder if he isn't actively working AGAiNST Baracks' fabulous Summer of Recovery.
this is exactly why the democrats will get hammered in November.
and don't give me the stuff about mid-terms not being about the President, Obama sets the tone, and our peace prize president seems to be tone deaf.
Geithner needs to be gone.
But who is going to hammer them? The TeaBaggers? Boehners group? The Militia Super Patriots?
there is no alternative, which makes it pretty hopeless. both parties are bought and paid for, may as well find some cheap wine....
consider that a feather in your cap
I was totally for Elizabeth Warren to head this agency and am even more so if Tim Geithner is opposed to her. She is honest and will do her best to protect the citizens of the US.
Every time I've seen that woman, I've been impressed with her and her work. She seems very genuine and devoted, and I'm rooting for her, too.
And of course, Timmy Geitner can uh... expletive deleted.
What good is reform when it does nothing to actually reform anything? That is what we got with the so called "health care reform", credit card reform and now financial reform, all which did nothing to really reform anything.
Now we have the Consumer Advocacy Agency, which is supposed to be a product of reform and the best qualified person to run it is being opposed by one of the supposed reformers.
When is this administration going to get it through their fucking skulls that they were elected to do a job, a job of the left. Not the middle. Not the right. The left.
Election 2012: Be Educated! Be Active! Vote!
www.phoenixjustice.com
Cause the Dems can SAY they were for consumer advocacy...and oh...look...we have this bright shiny agency that proves it!...of course...it's only a hollywood backlot storefront, but...what the hey...it's the thought that counts.
Now get out there and vote you progressive slackers. We give you what you want and then you diss us!!!
"Anyone that makes less than $150K in this country, has no business voting Republican."
When is this administration going to get it through their fucking skulls that they were elected to do a job, a job of the left. Not the middle. Not the right. The left.
You sad delusional soul. They ARE doing the job they were elected to do, for those that elected them.
"Anyone that makes less than $150K in this country, has no business voting Republican."
A centrist, largely elected by independent (centrist) voters to "start a new era of bi-partisanship" but liberals still don't get it. Always choosing to see what we want to see, I guess.
...very many centrists in my precinct house. The people working the phones and ringing doorbells were solidly left-wing.
We won't be there next time. I'll be amazed if Obama even HAS an elections office in my hometown in 2012.
views come to know same? Do you channel Mr. Nasiripour over at HuffPo and have insight as to whether the source is a mind reader or someone to whom Mr. Geitner has expressed those views?
Or are you just cutting and pasting others work again and writing absolute headlines to demonstrate your belief in the infallibility of this reporter and his source?
I am sure, should Ms. Warren not be appointed, Mr. Geitner will get blamed or credited regardless of whether he did a thing. Foolish that. Those in the know blame Rahm.
"I mean Romney is the most conservative on illegal immigration and I don't think Ronald Reagan could get elected in California today."
Ann "Clipped" Coulter
Why wouldn't you want a story like this taking on a life of its own?
are usually fish and will soon be eaten.
"I mean Romney is the most conservative on illegal immigration and I don't think Ronald Reagan could get elected in California today."
Ann "Clipped" Coulter
After re-reading the post,I see that those weren't Timmehs words. They were someone elses words put in his mouth. Now, if someone has a recording with him saying those words...then you have a story.
Many of us know those weren't Timmeh's words. They were his "views." Timmeh only has one word.
http://www.youtube.com/watch?v=zshm7vneHN0
"I mean Romney is the most conservative on illegal immigration and I don't think Ronald Reagan could get elected in California today."
Ann "Clipped" Coulter
Is far too smart and ethical for politics... She'll never make it.
I hope I'm wrong...
"I could give a flying crap about the political process.... We're an entertainment company."
- Glenn Beck - Forbes interview; April 26, 2010
What a cougar!
"I mean Romney is the most conservative on illegal immigration and I don't think Ronald Reagan could get elected in California today."
Ann "Clipped" Coulter
...put in this position. We're still fucked as a society. This conversation is meaningless in the big picture.
Maybe, maybe not. I'm counting on the Butterfly Effect. Keep flapping those wings...
when the BP well shatters and releases the methane bubble.
"I mean Romney is the most conservative on illegal immigration and I don't think Ronald Reagan could get elected in California today."
Ann "Clipped" Coulter
Who does Elizabeth Warren want to be Treasury Secretary?
.
"I mean Romney is the most conservative on illegal immigration and I don't think Ronald Reagan could get elected in California today."
Ann "Clipped" Coulter
..we can't have a person in it to do their job can we? That might be viewed as too left-wing! OH NOES...oops, there goes another snark.
Mickey: "It was an epiphany. Do you know what an epipany is?"
Keoni: "NOT NOW MICKEY!"
She's the most qualified which makes her unqualified. She has the consumer's best interest at heart which runs counter to what the administration wants for this position. She isn't afraid of ignorant loud old men but such fear is a prerequisite for this job.
Frankly, I'm surprised she got this far.
Obama's cadre of apologists will have a press release real soon explaining all of this.
Confirmation by the Senate.
"I mean Romney is the most conservative on illegal immigration and I don't think Ronald Reagan could get elected in California today."
Ann "Clipped" Coulter
MEANY
We'd have had card check by now.
"I mean Romney is the most conservative on illegal immigration and I don't think Ronald Reagan could get elected in California today."
Ann "Clipped" Coulter
WARREN NOT GEITNER
With charity, one could say Geithner is qualified for his job because he was present when all the bad stuff happened in the financial markets. He gets a gentleman's c+ for his handling of the response, his relationship with Congress and those he regulates. Not stellar. On the other hand, Elizabeth Warren has consistently offered clarification and true accountability from regulators and other players in the financial world. She advocates for citizens, not investors, shareholders, Masters of the Universe, bankers and others of the greed-based life forms.
Isn't it about time we got a smart woman into the game who will work on behalf of the entire country and not those already wealthy?
Frankly, there is very little coming out of Geithner that I want to hear.
The person who defines Reality wins.
Elizabeth Warren in his place...THEN we'll be on the road to recovery!
“The greatest evildoers are those who don’t remember because they have never given thought to the matter, and, without remembrance, nothing can hold them back,”
timmy, blanktard, summers, ben, fuld, etc.....not part of the tribe
Elizabeth Warren is what the promise of America requires.
She is the best possible example of a public servant: skilled, confident, and properly motivated.
Clearly a curve wrecker like her must be stopped.
okay, i have NO faith in these people to even think the right thing much less do it. so i long ago gave up contacting them about much of anything... but this!!!
just called and email both begging for her. yeah, i begged for a bone.
sad to say but it seems more and more that unless a corporation is greasing the path in front of you and in turn behind you... you don't really have much of what you can call a "voice" in our "free market". maybe since we should really be calling our economy "pay to play" and... yes, it is even sadder to say but true, every corporation in this nation can "PAY" more than me. well as a result i no longer see how i have any voice here.
so throw me a bone big O and at least give us Ms. Warren... please.
If Timothy Geitner opposes the nomination of Elizabeth Warren to the head of the Consumer Protection Bureau, it seems like a good reason to me that she should get the job.
Too many people in these government (and corporate organizations as well, though that's another post) organizations are too chummy with one another for any sort of oversight, so if there is a situation were two different organizations are headed by competent, smart people who are not golfing buddies, I am all for it.
In fact, if they don't like each other, that's even better because due vigilance is much easier with people you don't like than with those you do.
I think Timmy wants Michael Milkin for the spot.
she has integrity, intelligence and balls. He has none of those attributes.
Who Obama goes with on financial reform will demonstrate the true character of him and his administration.
I'm not hopeful.
geithner is just another gop bush/cheney tool
with the balls of a gnat.
please get me a bus, NOW !!!
are they? From your updated link: "Barr totally denied this to me. "I don’t know where that (report) came from," he said. I asked him if he thought Warren was well-qualified for the position and if anyone at Treasury would stand in her way if she were the top choice. "I think Elizabeth is absolutely terrific," Barr said. "She’s been working closely with me and Secretary Geithner for a year and half to push for this consumer protection bureau. I believe and Secretary Geithner believes that she’s exceptionally well-qualified to run it."
That’s on the record now. Tim Geithner and his lead deputy at the Treasury Department think Elizabeth Warren is well-qualified to head the CFPB. It’s important that this information gets distributed far and wide."
Even cabinet officers do not publicly lobby for particular choices for positions in government. Especially at this level. It's above even their pay grade. A statement to the effect that someone, in this case Warren, is well qualified is about as far as anyone should go by way of endorsement. It's not Geitner's decision.
Hasa Diga Eebowai
which makes Susie's piece more credible. (Sort of.)
"I mean Romney is the most conservative on illegal immigration and I don't think Ronald Reagan could get elected in California today."
Ann "Clipped" Coulter
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